Earnings Per Share

3 Months Ended

Mar. 31, 2022

10. EARNINGS PER SHARE

The following table sets forth the components of the denominator for the computation of basic and diluted earnings per share for net loss attributable to Community Health Systems, Inc. common stockholders:

	Three Months Ended
	March 31,
	2022		2021
Weighted-average number of shares outstanding — basic		127,818,209		125,753,278
Effect of dilutive securities:
Restricted stock awards		—		—
Employee stock options		—		—
Other equity-based awards		—		—
Weighted-average number of shares outstanding — diluted		127,818,209		125,753,278

The Company generated a loss attributable to Community Health Systems, Inc. common stockholders for both of the three-month periods ended March 31, 2022 and 2021, so the effect of dilutive securities is not considered because their effect would be antidilutive. If the Company had generated income during the three months ended March 31, 2022 and 2021, the effect of restricted stock awards, employee stock options, and other equity-based awards on the diluted shares calculation would have been an increase of 2,198,436 shares and 2,267,756 shares, respectively.

	Three Months Ended
	March 31,
	2022		2021
Dilutive securities outstanding not included in the computation of earnings per share because their effect is antidilutive:
Employee stock options and restricted stock awards		1,367,000		858,586